A nation for the rich, by the rich | The Express Tribune thumbnail
A nation for the rich, by the rich | The Express Tribune
tribune.com.pk
According to the latest data from the Pakistan Bureau of Statistics, the country's Gini coefficient, a measure of income inequality, is 0.37, which is higher than the regional average for South Asia and the global average. This means that the distribution of income is heavily skewed towards the top,
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  • According to the latest data from the Pakistan Bureau of Statistics, the country's Gini coefficient, a measure of income inequality, is 0.37, which is higher than the regional average for South Asia and the global average. This means that the distribution of income is heavily skewed towards the top, while the majority of the population struggles to...
  • According to the Oxfam Pakistan Inequality report 2020, the top one percent of the population in Pakistan owns 10 times more wealth than the bottom 50%. Social elites, on the other hand, use their influence to ensure that their children have access to better education, health, and employment opportunities, perpetuating intergenerational wealth ineq...
  • Elite capture is a deeply ingrained phenomenon in Pakistan which continues to breed and foster income inequality by restricting economic opportunities for the vast majority, and confining wealth within the clutches of a privileged few, ultimately giving rise to an array of economic challenges.
  • According to the Pakistan Economic Survey 2020-21, the government allocated Rs682 billion (around USD 4.3 billion) in subsidies for the agriculture sector, while allocating only Rs70 billion (around USD 440 million) for all other sectors combined. The economic elites control most of the country's resources, including industries and land, which furt...
  • According to the World Inequality Database, the top 10% of Pakistan's population holds 64% of the country's wealth, while the bottom 50% only has access to four percent of the wealth. This severe wealth inequality is largely due to elite capture.

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